505 E 56th St, Odessa, TX 79762
OFF MARKET

505 E 56th St
Odessa, TX 79762

Sherwood
  • Studio
  • 1,064 sqft

$178,400

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $1,221/mo*
Refinance Your Home

$178,400

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $1,221/mo*
Refinance Your Home
Studio
1,064 sqft

Home Value

Trulia Estimate
$178K
Since last month
Decreased$7K (-3.9%)
Since last year
Increased$9K (+5.6%)
Since last sale
Increased$104K (+139.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +83% in the last 10 years
MonthEstimated value
2026
August 2026$178K
July 2026$186K
June 2026$187K
May 2026$176K
April 2026$186K
March 2026$187K
February 2026$186K
January 2026$180K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5503 Lancaster Dr, Odessa, TX
0.21
Single-Family Home
-
07/13/26
4
2
1,324
5401 Clinton Ave, Odessa, TX
0.30
Single-Family Home
-
08/28/25
3
-
1,177
1109 E 54th St, Odessa, TX
0.25
Single-Family Home
-
03/13/26
-
1,920
416 E 48th St, Odessa, TX
0.50
Single-Family Home
-
06/12/26
3
2
1,178
1318 E 52nd St, Odessa, TX
0.59
Single-Family Home
-
12/05/25
3
2
1,309
5502 N Everglade Ave, Odessa, TX
0.38
Single-Family Home
-
04/01/26
4
2
2,491
1714 E 53rd St, Odessa, TX
0.71
Single-Family Home
-
08/25/25
3
1.5
1,250
610 E 54th St, Odessa, TX
0.20
Single-Family Home
-
02/17/26
3
2
1,088
5012 Locust Ave, Odessa, TX
0.71
Single-Family Home
-
01/28/26
3
2
1,576
5020 Devonian Ave, Odessa, TX
0.75
Single-Family Home
-
04/17/26
-
1,816

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1101 E 56th St, Odessa, TX 79762
0.17
$335,000
4
2.5
2,314
For Sale
5207 McKnight Dr, Odessa, TX 79762
0.23
$185,900
3
1
1,128
For Sale
5202 Lancaster Dr, Odessa, TX 79762
0.27
$324,900
4
2
2,308
For Sale
5708 Kermit Ave, Odessa, TX 79762
0.36
-
3
2
1,216
Recently Sold
5203 Clinton Ave, Odessa, TX 79762
0.34
$170,800
3
2
1,958
Off Market
310 E 50th St, Odessa, TX 79762
0.40
$310,000
3
2
1,258
For Sale
1208 E 51st St, Odessa, TX 79762
0.44
$225,900
3
2
1,860
For Sale
4440 W Blue Waters St, Odessa, TX 79766
0.48
$65,000
-
-
-
For Sale
4386 W Blue Waters St, Odessa, TX 79766
0.48
$65,000
-
-
-
For Sale
4384 W Blue Waters St, Odessa, TX 79766
0.48
$65,000
-
-
-
For Sale
4382 W Blue Waters St, Odessa, TX 79766
0.48
$65,000
-
-
-
For Sale
4368 W Blue Waters St, Odessa, TX 79766
0.48
$65,000
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 505 E 56th St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1958
Living Area
1,064 sqft
Price/Sqft
$168

About this House

This single-family home is located at 505 E 56th St, Odessa, TX. 505 E 56th St is in the Sherwood neighborhood in Odessa, TX and in ZIP code 79762. This property has approximately 1,064 sqft of floor space. This property has a lot size of 7501 sqft and was built in 1958.
505 E 56th St, Odessa, TX 79762 is a studio, 1,064 sqft single-family home in Sherwood, built in 1958. It last sold for $74,500 on Apr 4, 2014. It is currently off market. The Trulia Estimate is $178,400, with a rent estimate of $1,748/month.

Home Details for 505 E 56th St

Interior Features

Levels, Entrance, & Accessibility
Stories: 1

Property Information

Year Built
Year Built: 1958
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 7501 sqft

Price and Tax history

DateEventPrice
Apr 4, 2014
Source: N/A
Sold
--
Apr 13, 2006
Source: N/A
Sold
--

Market trends in Odessa

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$255K
$5.6KMoM
Sale-to-List Price
—
Price per sq ft
$157
$4MoM
Available listings
571
7MoM

Around this home

Neighborhood Overview

Sherwood
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Sherwood

At least 28 Trulia users voted on each feature.

  • 94 % Say there are sidewalks

  • 93 % Say car is needed

  • 76 % Say there's holiday spirit

  • 75 % Say yards are well-kept

  • 59 % Say parking is easy

  • 53 % Say it's quiet

  • 47 % Say it's dog friendly

  • 45 % Say kids play outside

  • 45 % Say they plan to stay for at least 5 years

  • 43 % Say neighbors are friendly

  • 40 % Say it's walkable to grocery stores

  • 40 % Say streets are well-lit

  • 22 % Say people would walk alone at night

  • 18 % Say it's walkable to restaurants

  • 15 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Amanda Ciulla
    "Lived here for one year. My neighborhood is quiet but a run down apartment complex at the end of the block has been prone to violence. "
    3
    Flag
  • Yvonne V.
    "I’ve lived in this neighborhood for about 6 months and in the first 2 months there was a drug bust about 2 houses down from mine,after that everything was quiet and no weird people walking by again"
    3
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 505 E 56th St

  • What is 505 E 56th St estimated to be worth?
    Trulia's estimated value for 505 E 56th St in Odessa, TX is $178,400.
  • What is the price history for 505 E 56th St?
    505 E 56th St in Odessa, TX last sold in April 2014.
  • Is Odessa a buyer's or seller's market?
    Odessa is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Odessa?
    The median sale price in Odessa is $255K. That is up $5.6K from the prior month.
  • How big is the lot at 505 E 56th St?
    The lot at 505 E 56th St in Odessa, TX is about 0.17 acres (7,501 sq ft).

Explore by feature - Pet Friendly

71 pet-friendly rentals in Odessa, TX

Explore by feature - Garage

67 rentals with a garage in Odessa, TX

Explore by feature - Air Conditioning

114 rentals with air conditioning in Odessa, TX

Explore by feature - Pool

25 rentals with a pool in Odessa, TX

Explore by feature - Washer/dryer

94 rentals with a washer/dryer in Odessa, TX

Explore by feature - Outdoor Space

28 rentals with an outdoor space in Odessa, TX

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 505 E 56th St

Skip to last item
Skip to first item

Homes for sale near 505 E 56th St

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item